The mysterious ourcolony.net time clock ticking down towards May 12th has been revealed. As many suspected, a big announcement was to follow on that date, and it turns out that Microsoft will finally unveil the Xbox 2 (or Xenon) in a 30 minute live presentation ... on MTV. Hosted by Lord of the Rings' Elijah "Frodo" Wood, the presentation will be aired on ALL MTV channels worldwide. This way Microsoft marketing guru Peter Moore hopes to not only reach pure gamers, but also appeal to a broad spectrum of young people. The event will of course be filled with celebrities giving their first impressions, as well as an appearance of rockband The Killers. Prior to the show, MTV will start airing teasers to attract an as big as possible audience.

The Obsidian Entertainment, Knights of the Old Republic 2, jobs page reveals that it has licensed the Unreal Engine 3 for one of its next projects as there are various modeler/texture openings for people to work with Epic's newest engine (thanks Beyond Unreal).

Europe 1942. These are desperate hours for Allied forces as the Nazi war machine rages across a devastated European landscape. You are US Army Lieutenant William Holt, hand-picked by William “Wild Bill” Donovan to be the first field agent of the newly formed Office of Strategic Services­the OSS. Medal of Honor European Assault makes you the driving force in the struggle to liberate Europe.

Konami announced today a full-scale online service to launch simultaneously in Japan, the US and across Europe. Yu-Gi-Oh! Online features all the cards and rules of the popular trading card game, and allows players to compete and trade cards via a simple point'n'click interface. To facilitate online play, Konami has introduced a novel charge-based 'DUELPASS' system, which will be sold in stores worldwide.

The newest issue of GameInformer has the first details from EA's latest skiing/snowboarding game SSX4. In previous titles players never really for the sense they were going as fast as they were, so the new title will put the emphasis on speed. A unique set of animations, grabs, wipeouts and landings are being implemented, as well as the ability to initiate specific Monster tricks. More detailed information will follow shortly, and EA will surely include SSX4 in its E3 lineup.

Another day, another batch of game trailers were released. Instead of giving them all their own posts, we grouped them, and so far there are trailers for :

• Splinter Cell: Chaos Theory - NSA Training #7
• Empire Earth 2 - Behind the Scenes #4
• Metronome - Teaser Trailer
• Jade Empire - Cinema Trailer

Autumn Moon Entertainment announced that the company has terminated its relationship with Bad Brain Entertainment, a new entrant in the video game publishing business based in Germany. AME is currently working on its launch title, A Vampyre Story. AME is composed of former Lucas Arts employees and committed to reviving the adventure genre of game for which Lucas was once known (thanks Blues).

Combining the thrill of illicit street racing and tuner customization with the intensity of strategic police pursuits that rivals any Hollywood-style chase scene, Need for Speed Most Wanted challenges players to become the most notorious and elusive street racer.

Imperial Glory promises to be the most extensive strategy game ever, offering an in-depth management model along with graphically stunning real-time land and naval battles in full 3D. Choose which of the five great 19th century Empires to lead: Great Britain, France, Russia, Prussia or Austro-Hungary, each with their own unique attributes.